Nuveen S&P 500 Dynamic Overwrite Fund (NYSE:SPXX) Sees Large Increase in Short Interest

Nuveen S&P 500 Dynamic Overwrite Fund (NYSE:SPXX) was the recipient of a large growth in short interest during the month of April. As of April 15th, there was short interest totalling 27,000 shares, a growth of 59.8% from the March 31st total of 16,900 shares. Based on an average daily volume of 47,500 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Trading of Nuveen S&P 500 Dynamic Overwrite Fund

Several large investors have recently bought and sold shares of the stock. Raymond James Financial Services Advisors Inc. raised its stake in Nuveen S&P 500 Dynamic Overwrite Fund by 3.8% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 279,543 shares of the investment management company’s stock worth $4,380,000 after acquiring an additional 10,129 shares during the last quarter. Cornerstone Advisors LLC increased its holdings in shares of Nuveen S&P 500 Dynamic Overwrite Fund by 97.5% in the fourth quarter. Cornerstone Advisors LLC now owns 218,333 shares of the investment management company’s stock valued at $3,284,000 after purchasing an additional 107,770 shares during the period. UBS Group AG raised its stake in shares of Nuveen S&P 500 Dynamic Overwrite Fund by 3.7% in the fourth quarter. UBS Group AG now owns 419,575 shares of the investment management company’s stock worth $6,310,000 after purchasing an additional 15,114 shares during the last quarter. Shaker Financial Services LLC lifted its holdings in shares of Nuveen S&P 500 Dynamic Overwrite Fund by 77.9% during the fourth quarter. Shaker Financial Services LLC now owns 186,657 shares of the investment management company’s stock worth $2,807,000 after purchasing an additional 81,750 shares during the period. Finally, Private Advisor Group LLC lifted its holdings in shares of Nuveen S&P 500 Dynamic Overwrite Fund by 10.9% during the fourth quarter. Private Advisor Group LLC now owns 37,531 shares of the investment management company’s stock worth $564,000 after purchasing an additional 3,700 shares during the period.

Nuveen S&P 500 Dynamic Overwrite Fund Price Performance

SPXX traded up $0.08 during trading on Friday, hitting $15.26. The stock had a trading volume of 14,080 shares, compared to its average volume of 47,643. The stock has a 50 day simple moving average of $15.45 and a two-hundred day simple moving average of $15.01. Nuveen S&P 500 Dynamic Overwrite Fund has a twelve month low of $13.57 and a twelve month high of $16.05.

Nuveen S&P 500 Dynamic Overwrite Fund Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 15th were issued a dividend of $0.294 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.18 annualized dividend and a dividend yield of 7.71%.

About Nuveen S&P 500 Dynamic Overwrite Fund

Nuveen S&P 500 Dynamic Overwrite Fund is a closed-ended equity indexed mutual fund launched by Nuveen Investments, Inc The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests in the public equity markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors.